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Retail engagement platform Netree on Tuesday called for further rationalisation of the goods and services tax (GST) by restricting the number of tax slabs at two to promote the retail sector growth as too many slabs create compliance burden for small and medium retailers.
“Rationalisation of GST should be done with just one to two plainer slabs along with simplification on account of filing of returns,” Desi Valli, founder and CEO of Netree, said in a statement.
He also urged the government to look at simplifying the procedures for filing returns.
Too many slabs create compliance burden for small and medium retailers, he said.
“As we need to deal with all the stakeholders in retail value chain, simplification of procedure will make the compliance easier and error free,” Valli said.
Further, Valli demanded tax incentives on digital payments for small and medium retailers to be announced in the forthcoming budget to promote digital transactions.
“Government must propose separate funds to organise start-up meets to enable various stakeholders to meet and explore opportunities,” he added.
(With PTI Inputs)

According to news reports, Pratap Sarangi, Union minister of state for MSME, animal husbandry, dairying and fisheries, made a statement that a vision document will be prepared soon for mass employment generation by tapping the potentials available in rural areas.
The minister also said in a press briefing that, “we have abundant opportunities for job creation. A casual approach and lack of proper motivation and training for rural manpower failed to yield tangible result.”
The minister further added, that animal husbandry and fish farming, both inland and marine, can be taken up in a big way as Odisha has a long coastal line. He also said that there is ample scope for employment generation in villages by tapping local resources in different sectors of the country.
It is reported that the minister is likely to engage rural youth and women in these activities by providing them with professional training. He quoted, “we have to coordinate a number of activities properly and sincerely. Accountability has to fixed and timely review is necessary to ensure proper implementation.”